ADG 0.00% 0.6¢ adelong gold limited

Ann: IPO of Cosmo Newbery Gold Project, page-41

  1. Zxc
    3,390 Posts.
    lightbulb Created with Sketch. 716
    My understanding is:

    They will IPO 70% of the Cosmo project for a minimum of $4m

    The remaining 30% is retained by DDD, with this 30% being distributed to DDD shareholders in the form of "COSMO" shares. I assume this would be pro rata based on how many shares you own as a percentage of total DDD shares.

    They can't give us a solid number until they know how popular the raise is, if it is very popular then the amount DDD receives will be above $4m and us as shareholders will be given COSMO shares which are worth more.

    I think its a great deal. We can use the cash in Adelong, we dont have to dilute the DDD register, and we get a piece of the new Cosmo IPO.
 
watchlist Created with Sketch. Add ADG (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
0.000(0.00%)
Mkt cap ! $6.708M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
12 11824607 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 3858416 9
View Market Depth
Last trade - 10.09am 28/06/2024 (20 minute delay) ?
ADG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.